“Bent” or “broken”: Replacing just a CEO or a key executive is almost never a sufficient solution when a company is facing imminent peril. Troubled companies often require the swift implementation of a multi-faceted remediation plan. This can only be done by a senior team highly experienced with troubled situations and crisis management, experience working together, and deep industry knowledge.
Additionally, troubled companies often have severe cash flow problems and may be facing near term liquidity issues or in some instances, insolvency. Regent Pacific will quickly control cash, identify cost containment opportunities, renegotiate trade and credit facilities, raise cash through the sale of equity or debt, and rationalize assets or businesses. Regent Pacific works to stabilize the company’s finances and generate the cash needed for turnaround activities.
Hundreds of engagements: Regent Pacific’s expertise has been developed in hundreds of engagements over more than 35 years. Our professionals are accustomed to the unique demands of a crisis situation. This experience allows us to focus on the key performance factors necessary to stabilize and rapidly turnaround an underperforming business. Regent Pacific provides a cost effective, comprehensive, fully-integrated approach to quickly address a troubled situation.
Interim management: Searching, identifying, and recruiting a new CEO can take 6 to 9 months or longer. The absence of leadership in these situations is costly, increasing the likelihood of further business deterioration and loss of enterprise value. To avoid this, Boards retain Regent Pacific to provide interim management and begin the turnaround. The stature of many of Regent Pacific executives, often with distinguished careers at the helm of leading companies in the client’s industry, can help to stabilize a volatile situation. Additionally, the stability and improvement we bring allows the Board to recruit from a stronger and larger pool of candidates.
Bankruptcy: Regent Pacific has a successful track record with reorganizing and liquidating bankruptcies, both statutory and non-statutory. We have special expertise with “pre-packaged” bankruptcies where we work with all stakeholders to ensure a swift and efficient reorganization of the company with minimal disruption and a preservation of the client as a “going concern.”